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Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show. Since the invasion of Ukraine nearly two years ago, India has bought hundreds of millions of barrels of cut-price Russian crude, saving itself billions of dollars while bolstering Moscow's war coffers. The purchases have catapulted it to second place among Russia's customers behind China, and Indian officials have made no secret of their decision to prioritise national interest over international sanctions against Moscow. But the price of Russian crude has risen in the face of OPEC+ production cuts and increased demand from China, analysts say, making it less attractive to Indian customers. Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and down nearly 16 percent from November, according to global energy trade intelligence platform Kpler. The «interplay between India and China» was a key driver of the change, Viktor Katona, lead crude analyst at Kpler told AFP, «as both countries now vie for the same barrels». The biggest beneficiary of the change is Moscow: Russian crude has been trading above $85 per barrel, reports say, even though a coalition of the G7, EU and Australia imposed a $60 price cap a year ago. New Delhi's reduced imports will be welcomed by some European policymakers who have raised concerns over how Indian refiners have processed Russian crude into fuel for the European market, effectively bypassing the EU's sanctions. New Delhi and Moscow have ties dating back to the Cold War, and Russia remains by far the biggest arms supplier to the world's most populous country. India has shied away from explicit condemnations of Russia

Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December, an analysis of AUM trend by ETMutualFunds showed. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023. Launched in May 2013, the flexi cap scheme has completed 10.62 years. The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 — TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.

Trinamool Congress (TMC) supremo Mamata Banerjee had on Tuesday accused the Bharatiya Janata Party (BJP) of “doing gimmicks" through the inauguration of Ram Mandir in Ayodhya ahead of the Lok Sabha polls. On Wednesday, UP Deputy CM Keshav Prasad Maurya hit back at the West Bengal CM and said, "Those who have not played any role in the Ram Janmabhoomi agitation, those who do not feel the pain of a mosque being built on the Ram Temple. They haven't been lathi-charged, nor have they been jailed.

ByteDance Ltd.’s TikTok became the first app to surpass $10 billion in cumulative consumer spending, helping power mobile app sales to a new high in a year revenue from games was down, according to the latest annual report by data.ai. Video-streaming platforms like TikTok and Disney+ drove an 11% rise in consumer app sales in 2023, showing resilient demand while the games industry dealt with a double-digit sales decline in China that dragged global sales down 2%.

Pidilite Industries Ltd. dropped 0.06 per cent to Rs 2723.65 at 01:03PM (IST) in Wednesday's trade. The counter hit a high of Rs 2730.5 and low of Rs 2695.55 so far during the session.

Ambuja Cements Ltd. traded 0.34 per cent down in Wednesday's trade at 12:12PM (IST). Around 72,741 shares changed hands on the counter.

Shiv Sena MLA disqualification case, Shiv Sena (UBT faction) leader Sanjay Raut questioned the timing of an upcoming visit of Prime Minister Narendra Modi to the state ahead of the Lok Sabha elections. Alleging that PM Modi is «well aware» of the verdict in advance, Raut said Chief Minister Eknath Shinde is «illegally» running the government. "Match fixing… is going to happen in Maharashtra today at 4 pm. The Maharashtra Chief Minister (Eknath Shinde) is illegally running the government. For us, that is a crime.

The worldwide electronics sector's growth continued to wane, hampered by lacklustre demand and rising inflation. As per the S&P Global Electronics Purchasing Managers’ Index (PMI), which is seasonally adjusted, there was a drop to 47 in December, down from November's 48.

Delta Corp, an online gaming firm, plunged 5% to ₹143.10 apiece in early deals on Wednesday after the company delivered a weak set of numbers for the December-ending quarter (Q3 FY24). The company on Tuesday reported a consolidated net profit of ₹34.48 crore in Q3 FY24, marking a substantial decline of 59.34% compared to the net profit of ₹84.82 crore in the corresponding period of the previous year.

Crompton Greaves Consumer Electricals Ltd. traded 1.43 per cent up at Rs 318.9 on Wednesday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 3.61 points to 71389.82. As many as 61,754 shares changed hands on the counter with a total value of Rs 1.96 crore.

Trent Ltd. traded 2.05 per cent up in Wednesday's trade at 10:30AM (IST). Around 10,205 shares changed hands on the counter.

Sudha Murty's published biography 'An Uncommon Love: The Early Life of Sudha and Narayana Murthy' has been the source of many an anecdotes of the billionaire businessman. From being made to sleep on a box in a storeroom, to the ‘big regret’ the book has offered a plethora of narratives of Narayana Murthy.

get rid of poor-quality stocks in your portfolio. Another important question is whether you should continue to add to your small cap allocation either via stock purchases, or mutual fund lumpsums/SIPs.

Investing.com-- Oil prices advanced in Asian trade on Wednesday, extending a recent rebound as signs of supply disruptions in the Middle East persisted, while industry data pointed to another week of sharp builds in U.S. product inventories.

Investing.com-- Japan’s Nikkei 225 stock index rose sharply on Wednesday, reaching levels seen before the burst of a speculative bubble in the 1990s as investors bet on a delay in the Bank of Japan’s plans to end its ultra-loose policies.

₹1.30 crore on Day 20, as per Sacnilk.com. As per report, the movie has crossed ₹219.27 crore net in the domestic market since 20 days of its release. The film on its 20th day witnessed an occupancy of 10.47 percent in Hindi language with morining shows saw 8.72 occupancy, afternoon shows at 10.29 percent, evening shows at 10.25 percent and night Shows at 12.61 percent occupancy, as per Sacnilk.com report.

mocked Indian Prime Minister Narendra Modi over his Lakshadweep visit. Notably, Indians were only second to Russia in the chart showing tourist arrivals in the Maldives by nationality in January 2023. India was among the largest tourist markets for the Maldives in 2023.

A lawyer for the New York attorney general’s office says the longtime head of National Rifle Association operated as the “King of the NRA.”

Private life insurers are set to report a modest growth in annualised premium equivalent (APE), a proxy for revenue in insurance, due to changes in taxation and a decline in group fund-based business in the December quarter. The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Value of New Business (VNB) margins. General insurers are expected to report small premium growth, with listed ICICI General Insurance improving its combined ratio and net profit. Listed private life insurers' VNB margins are likely to show some contraction on a year-on-year basis due to a reduced share of non-participating products in the product mix and movement in interest rates. «In our view, this lower growth would be owing to sluggish growth in higher-ticket policies given the changes in taxation and decline in the group fund-based business,» said Avinash Singh, senior analyst, Emkay. «Driven by buoyant equity markets during Q3FY24, ULIPs are likely to contribute a higher share in the product mix, possibly leading to some negative implications for VNB margins.» HDFC Life is expected to see an increase in new business premiums driven by annuity, non-PAR segments and retail protection.

Los Angeles Lakers will take on visitors Toronto Raptors in an NBA interconference game on Tuesday. LA Lakers have topsy-turvy season so far with 18-19 record. However, their home record is far more satisfactory with 12-6. Raptors' overall record is 15-21 and 6-12 away. Raptors and Lakers have played three times in the past three seasons and both won three-game each.

CES 2024 starts today in Las Vegas